Managed Account

Managed Account. A managed account shall also be created for all Bills that SYSTRAN is unable to purchase and all Bills that Customer does not want to factor (the "Managed Account").

Managed Account. A managed account shall also be created for all Bills that SYSTRAN does not purchase and all Bills which Customer does not factor (the "Managed Account"). The Deposit on the Managed Account is 100%, provided that SYSTRAN shall promptly remit Managed Account collections to Customer pursuant to Sections 2.2 and Article 4 of the Receivables Purchase Agreement.